Vertex Delegate Communication Thread

Proposal: Pilot Phase: Arbitrum Ventures Initiative

Type: Snapshot, ended Jun 11, 2024

Vote: For with no IRL event

Reasoning: We initially weren’t sure about this but after some clarification in the comments we’re voting for on Snapshot. We agree that piecemeal venture programs can have merit when presented individually but it becomes hard to get a bigger view of how they each integrate with each other and the DAO. A framework to evaluate future funds would be appreciated. We’re voting against an IRL event for now, it may make sense at some point in the future but we believe the initial work can be done online.


Proposal: AIP: BoLD - permissionless validation for Arbitrum

Type: Snapshot, ended Jun 13, 2024

Vote: For

Reasoning: Permissionless validation moves us closer to the ideals of decentralization.


Proposal: AIP: Funds to bootstrap the first BoLD validator - Bond sentiment.

Type: Snapshot, ended Jun 13, 2024

Vote: For

Reasoning: The foundation is an entity that can be trusted to run the first validator. The DAO also retains the ability to claw back funds if needed.


Proposal: AIP: Funds to bootstrap the first BoLD validator - Operational cost sentiment.

Type: Snapshot, ended Jun 13, 2024

Vote: For

Reasoning: The foundation will not be receiving anything from this and it makes sense to set aside some funds in case another entity steps up to run a validator.


Proposal: Election of STEP Program Manager

Type: Snapshot, ended Jun 11, 2024

Vote: 100% steakhouse.financial

Reasoning: We’re familiar with their work and are comfortable with them leading this program.


Proposal: Pilot Stage – Treasury Backed Vaults research and development

Type: Snapshot, ended Jun 17, 2024

Vote: Abstain

Reasoning: We voted abstain instead of against to signal that we think there is merit to this, but it’s not the right time for it now. We don’t believe that using ARB as the collateral here would make much sense, but it was mentioned in the comments that the system would also be able to be used with other tokens. We think this is something that could be worth exploring further down the line as more work is done around DAO budgeting and treasury management.


Proposal: [Non-Constitutional] Betting on Builders: Infinite Launchpad Proposal

Type: Snapshot, ended Jun 20, 2024

Vote: Abstain

Reasoning: We abstained on this as well to show that we aren’t against it entirely, however we have similar concerns to other delegates around the ability for the DAO to benefit from the upside in the near term. We understand it may be beneficial to get started on this process before all the details are figured out, but with there still being so much uncertainty the cost is too high right now.


Lastly, we had some technical issues and didn’t get to vote in the round that was just run on https://app.grantships.fun/ but we think the platform is interesting and would like to see other programs in different verticals run on it after the end of this one.